Western Cape member for the executive committee for economic opportunities, Alan Winde, said Cape Town had recently been identified as the tech hub of Africa, making it an attractive space to do business for financial technology companies.

"We have seen remarkable growth in the Western Cape finance sector in recent years, as more companies choose to base themselves here. The Western Cape is also home to several of the country’s top universities, ensuring that there is a pipeline of skills and talent," said Winde.

PricewaterhouseCoopers recently ranked Cape Town highest on the continent for quality of life, economics and the "tools needed to succeed in a changing world".